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Here are the market directions and levels for June 10th:
Market Overview
Both the global market and our local market are showing moderately bullish sentiment. Meanwhile, Gift Nifty indicates a gap-up start of around 60 points.
So, what can we expect today?
In the previous session, both Nifty and Bank Nifty opened with a gap-up but didn’t perform much afterward. Today’s structure seems somewhat similar, so my expectation is that the same kind of move might happen again.
Let’s look at the charts.
The chart sentiment appears to be similar for both Nifty and Bank Nifty in today’s session.
Current View
> The current view suggests that if the market reaches the immediate resistance gradually and faces rejection there, we can expect a minimum retracement of 38% to 61% in the minor swing.
> In this case, if the market declines initially, it may consolidate for a while—similar to yesterday's performance.
Alternate View
> e alternate view says that if the market breaks the immediate resistance with a strong rally or consolidates around that level, we can expect the rally to continue.
Here are the market directions and levels for June 10th:
Market Overview
Both the global market and our local market are showing moderately bullish sentiment. Meanwhile, Gift Nifty indicates a gap-up start of around 60 points.
So, what can we expect today?
In the previous session, both Nifty and Bank Nifty opened with a gap-up but didn’t perform much afterward. Today’s structure seems somewhat similar, so my expectation is that the same kind of move might happen again.
Let’s look at the charts.
The chart sentiment appears to be similar for both Nifty and Bank Nifty in today’s session.
Current View
> The current view suggests that if the market reaches the immediate resistance gradually and faces rejection there, we can expect a minimum retracement of 38% to 61% in the minor swing.
> In this case, if the market declines initially, it may consolidate for a while—similar to yesterday's performance.
Alternate View
> e alternate view says that if the market breaks the immediate resistance with a strong rally or consolidates around that level, we can expect the rally to continue.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.